THE GOLDFIELDS.

Auckland Star, Volume XXXVIII, Issue 53, 2 March 1907, Page 6

THE GOLDFIELDS.

J WAIOTAHI RETURN. 'V £18,888 FOE THE MONTH. (By Telegraph.—Own Correspondent.) THAMES, this day. During the past month the Waiotahl Company crushed 1546 tons of quartz and 6 cwt. of picked stone for 7021 ozs. of melted gold, valued at.£IB,BBB. This brings the total output to date to £028,094. Of this amount £345,015 has been taken from the mine since the beginning of 1905, when, the rich patch was struck and dividends paid amounting to £211,800. " The directors met this morning and declared the customary monthly dividend of 1/3 per share, whicn means the distribution of another £15,000. Appended are previous returns:— To December, 1904 £103,070 C 8 In 1905 73.018 9 1 In 1906 2231678 4 3 „ . £490.676 0 0 Period ending— January, 1907, 1463 tons ore ijcwt 721b picked stone 18 153 9 0 Feb., 1546 tons ore, 6cwt 1001b picked stone 18,888 14 t Total to date £527,718 3 1 . Total dividends, etc., paid..£282,800 0 0 COUSIN JACK MINE. MEETING OF SHAREHOLDERS. East night a meeting of the shareholders was held in the Federal Hall, Wellesleyst., to hear the report of the committee appointed to have samples of the ore tested. The Chairman (Mr C. B. Tapper) presided. A committee, consisting of the chairman, the treasurer (Capt. Best), and the secretary (Mr n. Linder) reported having visited the mine for the p-urpose of testing the value of the ground. Messrs Breiinan and Stephens accompanied them. The committee obtained four parcels of ore from the mine, and samples from those -were sent to the American School of Mines and to Professor McLanrin. Government Analyst. The result of both tests was that there was no trace of gold or silver in the samples. In the face of those results the committee was of opinion that it was useless to obtain any further tests. Protection for the mine up to June next had been obtained. With regard to the tests made by Mr S. Bastard, the latter had. informed the secretary that the first lot pf ore received from the mine was very different from the later lot seiit to him. Mr Bastard had made the same statement to a meeting of shareholders in July last. The committee did not feel justified in recommending any further expense, as it was evident that the mine was not lively to be profitable. After discussion, a motion was carried that a committee, consisting of the Chairman, the Secretary, and Mr J. Sandford consult the Crown Prosecutor for the purpose of seeing if legislation could be taken in the matter in the interests of goldmining in the province. It wa> also decided to hand over two guineas of the balance in hand to Captain Best for his services as treasurer, and the remainder to the secretary as a slight remuneration for the work he had done in connection with the syndicate. RISING SUN. (By Telegraph.—Own Correspondent.) WAIHI, this day. Operations at the Rising Sun mine, Owharoa. are being pushed ahead with encouraging results. The sinking of the winze is proving the lode to be of greater value as it goes down. Free colours of gold can now be sen through the ore coming to hand, and the management expect to meet with further Improvements as depth is attained, inasmuch as other veins traversing a parallel course to the one being sunk upon ore, in their down pitch, converging towards themain ore body. The management are o£ opinion that deeper area works will reveal a larger body of ore of improved grade In value. . KAEANGAHAKE SCHOOL OF MINES. Last plght the annual meeting of the Karangahake School of Mines was held, under the presidency of Mr H. Poland, M.H.R. The attendance for the year showed a marked increase over any previous year, the average for the torm being 4:2. At the last examination, held in December, Mr .1. Frear won -the. president's medal for the highest aggregate with 67 per cent in four subjects in the senior division. Mr N. G. Aickin obtained 98 per cent in metallurgy for a junior paper. The classes started at TValkino had hecn Continued, and during the year the TVaikino residents had collected, with donations from the Oninemuri County Council and the Waihi School of Mines, sufficient money to secure a subsidy with which to erect and equip a school. It had been decided to establish a £50 mining scholarship in connection with the school to encourage students to study for the mines districts scholarship. Mr W. G. Aickin was awarded the scholarship on last, year's work. The statement of accounts showed a credit balance of £16 0/8. The Mines Department has undertaken to pay half the salaries of the director and assistants. —The following officers were elected: Patron, Mr 11. Poland, M.H.R.; president, Mr C. H. Tresize; vice-presidents, Messrs S. W. McGru'er. H. Phillips, and H. Croncher; council, Messrs R. Inglis, W. Tyerman, J. Nodwell, J. Casley, W. Upfold, W. McDonald,"and R. R. Lloyd.